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$SPCX — Short squeeze keeps the rally alive.
Long $SPCX
Entry: 212.00 – 216.00
SL: 204.00
TP1: 225.00
TP2: 240.00
TP3: 260.00
A notable $7.74K short liquidation just hit SPCX at $215.12, forcing bearish traders to cover positions as price continued pushing higher. The squeeze confirms sustained bullish momentum and signals that sellers are struggling to defend higher price levels.
Price remains firmly above key support zones while attracting strong buying interest on pullbacks. The forced buying generated by liquidated shorts adds fresh fuel to the rally, creating favorable conditions for further upside expansion.
If SPCX maintains the 212.00–216.00 support region and breaks above 225.00 resistance, momentum could accelerate rapidly toward higher targets. With bears continuing to get squeezed and bullish sentiment strengthening, the path of least resistance remains firmly to the upside as buyers maintain control of the trend.